D-Max Solutions
ActiveSummary
D-Max Solutions has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €513,772 and a net result of €10,643. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 89% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-6
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 8.36 against 8.61 in 2024; short-term debt: 8.4% and cash: 51.2% of total assets), and 17.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.5%
Return on assets
1.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
28 d early
2023
35 d early
2022
4 d early
2021
5 d early
2020
24 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€513,772▲ 2.1%
2024 · €503,129
Total assets
€622,714▲ 0.7%
2024 · €618,277
Net result
€10,643▼ 75.1%
2024 · €42,702
Working capital
€385,801▲ 0.9%
2024 · €382,248
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€221,171▲ 4.0%€49,092▼ 77.8%€29,767▼ 39.4%€63,841▲ 114%€19,024▼ 70.2%
Net result€147,987above the sector's middle half▼ 1.9%€30,843within the sector's middle half▼ 79.2%€19,313within the sector's middle half▼ 37.4%€42,702within the sector's middle half▲ 121%€10,643within the sector's middle half▼ 75.1%
Equity€410,271within the sector's middle half▲ 56.4%€441,115within the sector's middle half▲ 7.5%€460,427within the sector's middle half▲ 4.4%€503,129within the sector's middle half▲ 9.3%€513,772within the sector's middle half▲ 2.1%
Total assets€609,971within the sector's middle half▲ 12.7%€593,978within the sector's middle half▼ 2.6%€580,515within the sector's middle half▼ 2.3%€618,277within the sector's middle half▲ 6.5%€622,714within the sector's middle half▲ 0.7%
Debt€199,700▼ 28.4%€152,864▼ 23.5%€120,087▼ 21.4%€115,148▼ 4.1%€108,942▼ 5.4%
Working capital€296,999within the sector's middle half▲ 60.6%€330,660within the sector's middle half▲ 11.3%€340,587within the sector's middle half▲ 3.0%€382,248within the sector's middle half▲ 12.2%€385,801within the sector's middle half▲ 0.9%
Solvency67.3%above the sector's middle half▲ 18.8pp74.3%above the sector's middle half▲ 7.0pp79.3%above the sector's middle half▲ 5.0pp81.4%above the sector's middle half▲ 2.1pp82.5%above the sector's middle half▲ 1.1pp
Current ratio4.68above the sector's middle half▲ 2.297.13above the sector's middle half▲ 2.459.97above the sector's middle half▲ 2.848.61above the sector's middle half▼ 1.368.36above the sector's middle half▼ 0.25
Return on assets (ROA)24.3%above the sector's middle half▼ 3.6pp5.2%within the sector's middle half▼ 19.1pp3.3%within the sector's middle half▼ 1.9pp6.9%within the sector's middle half▲ 3.6pp1.7%within the sector's middle half▼ 5.2pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 70% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €622,714
Fixed assets
€184,497 ▼ 0.7%
Current assets
€438,217 ▲ 1.3%
Equity and liabilities €622,714
Equity
€513,772 ▲ 2.1%
Debt
€108,942 ▼ 5.4%
Debt's share of the balance-sheet total falls from 18.6% to 17.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42,256▼
2024 · €83,923
Cash flow
€33,875▼
2024 · €62,783
Quick ratio
6.95▼
2024 · 7.40
Debt to equity
0.21▼
2024 · 0.23
ROE
2.1%▼
2024 · 8.5%
Interest coverage
18.99▼
2024 · 25.35
Debt ≤ 1 year
€52,416▲
2024 · €50,247
Debt > 1 year
€47,660▼
2024 · €64,901
Income taxes
€6,760▼
2024 · €17,888
Staff costs
€55,746▲
2024 · €54,822
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €14,605 | €1,379 | €23,946 | €1,218 | - | - |
| Remuneration, social security and pensions62 | €52,469 | €54,406 | €60,840 | €54,822 | €55,746 | ▲ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,645 | €25,985 | €18,862 | €20,081 | €23,232 | ▲ 15.7% |
| Other operating charges640/8 | €3,265 | €2,589 | €2,507 | €2,128 | €3,847 | ▲ 80.8% |
| Non-recurring operating charges66A | €1,473 | - | - | - | €2,239 | - |
| Gross operating margin9900 | €304,023 | €132,072 | €111,976 | €140,873 | €104,088 | ▼ 26.1% |
| Operating profit (loss)9901 | €221,171 | €49,092 | €29,767 | €63,841 | €19,024 | ▼ 70.2% |
| Financial income75/76B | €550 | €78 | €36 | €60 | €604 | ▲ 910% |
| Recurring financial income75 | €550 | €78 | €36 | €60 | €604 | ▲ 910% |
| Financial charges65/66B | €3,830 | €3,510 | €3,415 | €3,311 | €2,226 | ▼ 32.8% |
| Recurring financial charges65 | €3,830 | €3,510 | €3,415 | €3,311 | €2,226 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €217,891 | €45,660 | €26,389 | €60,590 | €17,402 | ▼ 71.3% |
| Income taxes67/77 | €69,904 | €14,817 | €7,076 | €17,888 | €6,760 | ▼ 62.2% |
| Profit (loss) for the period9904 | €147,987 | €30,843 | €19,313 | €42,702 | €10,643 | ▼ 75.1% |
| Profit (loss) for the period to be appropriated9905 | €147,987 | €30,843 | €19,313 | €42,702 | €10,643 | ▼ 75.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €609,971 | €593,978 | €580,515 | €618,277 | €622,714 | ▲ 0.7% |
| Fixed assets21/28 | €232,208 | €209,377 | €201,943 | €185,782 | €184,497 | ▼ 0.7% |
| Tangible fixed assets22/27 | €232,058 | €209,227 | €201,793 | €185,632 | €184,347 | ▼ 0.7% |
| Land and buildings22 | €181,115 | €172,682 | €164,675 | €156,916 | €149,185 | ▼ 4.9% |
| Plant, machinery and equipment23 | €13,863 | €11,123 | €11,399 | €7,397 | €3,599 | ▼ 51.3% |
| Furniture and vehicles24 | €29,437 | €25,423 | €25,720 | €21,319 | €31,563 | ▲ 48.1% |
| Leasing and similar rights25 | €7,643 | - | - | - | - | - |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €377,763 | €384,601 | €378,571 | €432,495 | €438,217 | ▲ 1.3% |
| Stocks and contracts in progress3 | €123,995 | €75,338 | €58,831 | €60,605 | €74,115 | ▲ 22.3% |
| Stocks30/36 | €123,995 | €66,011 | €58,831 | €60,605 | €74,115 | ▲ 22.3% |
| Contracts in progress37 | - | €9,326 | - | - | - | - |
| Amounts receivable within one year40/41 | €15,585 | €46,004 | €32,396 | €9,122 | €38,842 | ▲ 326% |
| Trade receivables40 | €4,484 | €23,796 | €7,887 | €2,740 | €38,624 | ▲ 1,310% |
| Other amounts receivable41 | €11,101 | €22,208 | €24,509 | €6,382 | €218 | ▼ 96.6% |
| Cash at bank and in hand54/58 | €231,325 | €257,398 | €281,272 | €356,314 | €318,941 | ▼ 10.5% |
| Deferred charges and accrued income490/1 | €6,859 | €5,862 | €6,072 | €6,454 | €6,319 | ▼ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €609,971 | €593,978 | €580,515 | €618,277 | €622,714 | ▲ 0.7% |
| Equity10/15 | €410,271 | €441,115 | €460,427 | €503,129 | €513,772 | ▲ 2.1% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | €12,400 | €12,400 | €12,400 | - | - | - |
| Other1109/19 | €12,400 | €12,400 | €12,400 | - | - | - |
| Reserves13 | €397,871 | €428,715 | €448,027 | €490,729 | €501,372 | ▲ 2.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €396,011 | €426,855 | €448,027 | €490,729 | €501,372 | ▲ 2.2% |
| Amounts payable17/49 | €199,700 | €152,864 | €120,087 | €115,148 | €108,942 | ▼ 5.4% |
| Amounts payable after more than one year17 | €118,935 | €98,923 | €81,837 | €64,901 | €47,660 | ▼ 26.6% |
| Financial debts170/4 | €118,935 | €98,923 | €81,837 | €64,901 | €47,660 | ▼ 26.6% |
| Amounts payable within one year42/48 | €80,765 | €53,941 | €37,984 | €50,247 | €52,416 | ▲ 4.3% |
| Current portion of amounts payable after more than one year42 | €26,536 | €20,012 | €16,780 | €16,936 | €17,241 | ▲ 1.8% |
| Trade debts44 | €210 | €2,082 | €4,248 | €2,319 | €1,515 | ▼ 34.7% |
| Suppliers440/4 | €210 | €2,082 | €4,248 | €2,319 | €1,515 | ▼ 34.7% |
| Taxes, remuneration and social security45 | €49,296 | €29,469 | €16,538 | €30,991 | €33,660 | ▲ 8.6% |
| Taxes450/3 | €46,265 | €24,483 | €11,942 | €24,709 | €29,013 | ▲ 17.4% |
| Remuneration and social security454/9 | €3,031 | €4,986 | €4,596 | €6,283 | €4,647 | ▼ 26.0% |
| Other amounts payable47/48 | €4,723 | €2,379 | €418 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €266 | - | €8,866 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €147,987 | €30,843 | €19,313 | €42,702 | €10,643 | ▼ 75.1% |
| + Depreciation and write-downs630 | €25,645 | €25,985 | €18,862 | €20,081 | €23,232 | ▲ 15.7% |
| Operating cash flow (approximation) | €173,631 | €56,828 | €38,174 | €62,783 | €33,875 | ▼ 46.0% |
| Investment in fixed assets (approximation) | - | -€3,154 | -€11,428 | -€3,920 | -€21,947 | ▼ 460% |
| Change in cash | - | €26,072 | €23,874 | €75,043 | -€37,373 | ▼ 150% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €10,643 ▼75.1%
Net result drops to €10,643, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500,000Eq €503,129 ▲9.3%
7 profitable years in a row build equity to €503,129.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €150,817 ▲150%
Net result €150,817, the highest in the series.
31-12
Financial
Equity above €200,000Eq €262,285 ▲135%
3 profitable years in a row build equity to €262,285.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €111,467 ▲102%
2 profitable years in a row build equity to €111,467.
Show earlier events
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 2011
Ground area
891 m²
Building footprint
80 m²
Volume, LiDAR
509 m³
Parcel 13052A0273/00C002, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
D-Max Solutions
since 20112.198.033.361
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13052A0273/00C002 | Flanders | 891 m² | 1 · 80 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,578 companies in sector 43410 we hold annual accounts for 4,369. 2,829 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43990Other specialised construction activities
43421Specialised construction activities
62200Computer consultancy and computer facilities management
64210Activities of holding companies
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834959667
Also
9925:BE0834959667
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.